A rental apartment property in Penticton has sold for $12 million, Avison Young Commercial Real Estate reports.
The 77-unit property sold for approximately $155,844 per suite. The property has an assessed value of just over $10 million. The four-storey building was cnstructed in 1976, built on 1.94 acres.
The property is located 2902 South Main St., Penticton.
Breakdown:
Price: $12,000,000
No. of Units: 77
Price/Unit: $155,844
Lot Size: 1.94 acres
Property Type: Multi-family
2018 B.C. Assessment Value: $10,020,000
City: Penticton
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate
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